Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can Equity funds be used to capitalize revolving loan funds?

April 26, 2017capitalize equity funds loan revolving Used

0

Posted

Can Equity funds be used to capitalize revolving loan funds?

1 Answer

0

10 Posted

No, the capitalization of local or regional revolving loan funds is not eligible. The Authority itself will have a revolving loan fund, and repaid loan money will be used to fund additional community and economic development projects.